Madonna and Moore teaming up again for Oscars

Superstar Madonna and actress Demi Moore will be adding some extra glamour to the biggest award gala of the year, the Oscars, by hosting an after party together.
       
The 50-year-old 'Queen of Pop' Madonna and the 46-year-old actress Moore will be co hosting an exclusive party at the LA home of business man Guy Oseary, E!Online reported.
       
The glamorous duo had hosted a similar party last year, and entertained a guest list that included the creme of Hollywood including Tom Cruise, Katie Holmes, Ellen DeGeneres, Cameron Diaz, Orlando Bloom and Sir Elton John.
       
Along with being the biggest award show of the year, the Academy Awards are followed by a number of high profile parties thrown all over Los Angeles.
       
The biggest of them is 'Vanity Fair' but the celebrations are expected to be toned down owing to the on going recession.
 
An Academy insider told E! that costs are being cut by recycling used decor from the store instead of buying new items.